Corazon Mining Ltd T.CZN

Primary Symbol: CRZNF

Metals & Mining Industrial Metals & Minerals

Corazon Mining Limited is an Australia-based mineral resource and exploration company. The Company is an explorer advancing the Lynn Lake Nickel-Copper-Cobalt Sulfide Project in Manitoba, Canada, as well as the Mt Gilmore cobalt-copper-gold (Mt Gilmore) and Miriam nickel Sulfide projects (Miriam) in Australia. The Lynn Lake Nickel-Copper-Cobalt Sulfide Project is a significant Class-1 nickel resource. The Mt Gilmore Project is located 35 kilometers from the city of Grafton in north-eastern New South Wales. The Company owns an 80% interest in Mt Gilmore. Mt Gilmore is focused on multiple rare, cobalt-rich sulfide deposits, similar to Cobalt Ridge. The Miriam comprises five Prospecting License applications (P15/6135 to P15/6139 inclusive) and is located approximately 10 kilometers south-southwest of Coolgardie on an ultramafic trend, which hosts Auroch Minerals’ Miriam and Nepean Nickel Deposits.

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Corazon Mining Ltd

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Post by garpikeon Oct 31, 2006 9:22am

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Post# 11585193

Why did it go up?

The price of zinc no doubt had something to do with it, but there must be more to it. After all, the march into the pit was accompanied by rising zinc prices. Perhaps the recenmt proposal for a new parc is a positive factor. About two weeks ago I heard on CFRA that the Minister had stated that new mining developments would not be allowed. As I see it, this is not a new development and I therefore personally don't worry about some federal "expropriation". Could be wrong, of course. The proposal, however, has not only put the name of the company into the news (which is somewhat positive), but it may have put pressure on the parties involved ( First Nations, CZN, Feds.. ?) to reach agreement on any outstanding negotiations. Perhaps someone woke up and people noticed.

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